Cheap Apartments for Rent in the Devon Neighborhood of Indianapolis, IN from $500 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Devon area of Indianapolis.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Sherman Forest
Studio to 4 Bedroom Apartments

Sherman Forest

3615 Sherman Forest DrIndianapolis, IN 46205
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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226

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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Monon Park
1 to 3 Bedroom Apartments

Monon Park

5801 N Olney StIndianapolis, IN 46220

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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7 Pointe Apartments
1 to 3 Bedroom Apartments

7 Pointe Apartments

4724 Round Lake RdIndianapolis, IN 46205
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Chateau De Ville
Studio to 4 Bedroom Apartments

Chateau De Ville

5303 Rue De VilleIndianapolis, IN 46220
Showing Results 1-27, Page 1 of 1

Devon, Indianapolis, IN Local Guide

Cheapest Available Devon Apartments for Rent

 

The cheapest available apartment rental in the Devon area of Indianapolis, IN is a 2 Beds unit found at East Village at Avondale Meadows Apartments priced from $579. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Devon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
East Village at Avondale Meadows ApartmentsB32BR,2BA$579
Glenstone StudiosStudioStudio,1BA$649
Monon Park1 Bed 1 Bath1BR,1BA$876
Chateau De VilleBordeauxStudio,1BA$963
Trails at LakesideVictoria1BR,1BA$970
A62 ApartmentsLePetit1BR,1BA$999
The Prairies Apartment Homes2 Bed 1 Bath Townhouse2BR,1BA$999
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1,044
Fallwood1 Bed/1.5 Ba Dn1BR,1BA$1,090
Brockton Apartments & TownhomesVL2.12BR,1BA$1,094

Best Value Apartments for Rent in Devon, IN

As of October 09, 2025 the best value apartment in the Devon area is the $1.18 price per square foot C2 Model at East Village at Avondale Meadows Apartments in the in the Martindale neighborhood starting from $1,525. The second greatest value Devon apartment is the Garnet Model at 7 Pointe Apartments starting at $1,119 with a $1.04 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Devon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
East Village at Avondale Meadows ApartmentsC23BR,2BA$1.18
7 Pointe ApartmentsGarnet2BR,2BA$1.04
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
The Prairies Apartment Homes2 Bed 1 Bath Townhouse2BR,1BA$1.15
Brockton Apartments & TownhomesBT1.11BR,1BA$1.35
Fountain ParcThe Wealth1BR,1BA$1.52
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
The Meadows1 Bedroom 730sf1BR,1BA$1.60
Chateau in the Woods1 Bd/1 Ba Sm WD RHN1BR,1BA$1.56
Monon Park1 Bed 1 Bath1BR,1BA$1.46

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Pet Friendly Lifestyle
Devon, Indianapolis, IN

Ranked #154

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Devon Neighborhood in Indianapolis, IN

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

22 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Devon Apartments

What is a cheap apartment in Devon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Devon is under $1,094.

What is the price of a cheap apartment in Devon?

The cheapest apartment in Devon is East Village at Avondale Meadows Apartments which is listed at $693, while the average apartment in Devon costs $1,588.

What types of apartments are the cheapest in Devon?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Devon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Devon?

Cheap apartments in Devon have an average cost of $256 which is $1,332 cheaper than the average rent for all rentals in Devon.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.